While recent labor policies and minimum wage increases have successfully lifted millions out of poverty and brought inequality to its lowest point since 2006, the wealth of Mexico’s 22 billionaires has simultaneously doubled over the last five years. A recent Oxfam report highlights this entrenchment, noting that the richest 1% now owns 40% of the nation’s wealth, while nearly 19 million people still struggle to afford basic food.
Date: March 12, 2026. Source: theguardian.com